30 Apr '17, 10am

Is Bitcoin at Risk as Google and IBM Aim for 50-Qubit Quantum Computers?

A looming concern in the crypto community is whether quantum computing will destroy Bitcoin’s underlying protocol. People are worried government agencies or other nefarious entities will crack bitcoin’s code with quantum algorithms and undermine blockchain technology. In reality, these fears reflect more of an imagined doomsday scenario than a true statement about future events. Also read: Antonopoulos Details Bitcoin’s Two Layers of Protection Against Quantum Computing There are two main reasons why bitcoiners should be skeptical about quantum computing threats to blockchain technology. People tend to wallow in fear, uncertainty, and doubt regarding new technology. They assume new technology implies some type of inevitable apocalypse. Many of their omens, however, are steeped in voodoo and superstition. They are either exaggerated or false. First, Bitcoin’s encryption is ...

Full article: https://news.bitcoin.com/is-bitcoin-at-risk-as-google-and...

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